# HIPs ### **What are HIPs?** **Hyperliquid Improvement Proposals (HIPs)** are initiatives designed to enhance the functionality, performance, and user experience of the Hyperliquid L1 blockchain and its ecosystem. Each HIP outlines a specific improvement, offering a transparent and standardized process for introducing new features or standards into the protocol—much like **EIPs** (Ethereum Improvement Proposals) for Ethereum. **At this time, three primary HIPs have been implemented:** * **HIP-1:** Establishes a **native token standard** on the Hyperliquid L1, similar to ERC-20 on Ethereum-based networks. * **HIP-2:** Introduces **Hyperliquidity**, a built-in, on-chain **Automated Market Maker (AMM)** mechanism designed to bootstrap and maintain efficient markets for newly deployed tokens. * **HIP-3:** Enables **permissionless perpetual deployments**, allowing anyone to create their own perp markets on Hyperliquid. As the Hyperliquid ecosystem continues to grow and mature, additional HIPs are expected to emerge. While the initial HIPs have come from the core team, **future proposals are expected to be open to the community.** --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://hyperliquid-co.gitbook.io/wiki/architecture/hypercore/hips.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.